Money for nothing?

Money for nothing - cashback

As a newcomer to the UK you may not have heard about the great ways you can make some extra cash using loyalty cards, cashback sites, cashback credit cards and cashback bank accounts. We found out about this a few years ago only after my husband started chatting to some English guys at work who were big cashback and loyalty card users.

Nectar is one of the UK’s biggest loyalty programmes. By signing up to Nectar you get an account with a plastic card. You can use your card to collect points by shopping instore at one of the related partners such as Sainsbury’s, BP, Homebase or when you pay your bills with EDF energy. When shopping online rather than going directly to the retailers site, you would log in to your Nectar account and browse for the retailer. By clicking on the link provided by Nectar and completing your purchase this way the points are then collected based on the value of your purchase. After an accumulation of points you can then redeem these points at one of Nectar’s partners. When shopping around for loyalty cards take note of how the scheme works as in the value of a point to a £1. Schemes offering higher points won’t always equate to more money.

Cashback sites pay you a cash reward when you click through them for purchasing products. Popular cashback sites include Quidco and TopCashback. These websites offer cashback on a whole variety of goods and services from mobile phones to car insurance, and bank accounts to broadband. The differences between the sites are in terms of fees, joining bonuses and how the money is paid. To start earning cashback you would need to register with these sites. Similar to Nectar, you would log in to your account and search for the retailer you want to make a purchase from. You would then click on the link provided by the site. When you complete your purchase, the online retailer then sends commission to the cashback site. A portion of this money is paid into your bank or Paypal account. You may need to reach a certain cashback threshold before you can withdraw funds. You also need to be aware that cashback arrangements do not pay out immediately. You can also earn cashback instore if you register your credit or debit card with these sites and you make a purchase at one of the sites retailers. Apparently the average cashback amount is £120 a year but this obviously varies based on your spending. (Tip: Set your homepage on your internet browser to the cashback site so that it defaults to this when you open the browser.)

Cashback credit cards and cashback bank accounts is another area to check out with cash rewards.

Think of cashback as a bonus (as it sometimes might not track correctly) and it isn’t yours until it’s in your bank account. But every little bit of cashback does start adding up and can make a great little nest egg for a rainy day 🙂

What are your thoughts on cashback and loyalty programmes? Do you think it’s a waste of time or worth the effort? Please feel free to share your thoughts with me.


  1. 28th June 2016 / 12:11 PM

    I’ve already a Nectar card, but I’ve never thought of the other ways to make cashback. Should be interesting to have a look at it. Thank you!

Leave a Reply

Your email address will not be published.

error: Content is protected !!
%d bloggers like this: